Crestwood Equity Partners (CEQP) Misses Q2 EPS by 4c
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Crestwood Announces Second Quarter 2022 Financial and Operating Results
July 26, 2022 7:00 AM EDTSuccessfully closed strategic acquisitions in the Delaware Basin, doubling basin processing capacity and significantly increasing Crestwood's cash flow contribution from the most active and economic basin in the U.S.
Second quarter 2022 net income of $39 million and Adjusted EBITDA1 of $180 million, a 23% increase year-over-year, driven by robust Delaware Basin activity and strong commodity prices, offset by a $13 million winter weather impact in the Williston Basin
Strong cash flow profile and balance sheet highlighted by a coverage ratio of 1.7x and a leverage ratio of 3.7x as of June 30, 2022;... More
